vs
Side-by-side financial comparison of DENNY'S Corp (DENN) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs 0.6%, a 1.5% gap on every dollar of revenue. On growth, DENNY'S Corp posted the faster year-over-year revenue change (1.3% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $16.0M). Over the past eight quarters, DENNY'S Corp's revenue compounded faster (-0.9% CAGR vs -4.7%).
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
DENN vs RMAX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $71.1M |
| Net Profit | $632.0K | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 9.2% | 13.1% |
| Net Margin | 0.6% | 2.0% |
| Revenue YoY | 1.3% | -1.8% |
| Net Profit YoY | -90.3% | -75.2% |
| EPS (diluted) | $0.01 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $71.1M | ||
| Q3 25 | $113.2M | $73.2M | ||
| Q2 25 | $117.7M | $72.8M | ||
| Q1 25 | $111.6M | $74.5M | ||
| Q4 24 | $114.7M | $72.5M | ||
| Q3 24 | $111.8M | $78.5M | ||
| Q2 24 | $115.9M | $78.5M | ||
| Q1 24 | $110.0M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $632.0K | $4.0M | ||
| Q2 25 | $2.5M | $4.7M | ||
| Q1 25 | $326.0K | $-2.0M | ||
| Q4 24 | $6.8M | $5.8M | ||
| Q3 24 | $6.5M | $966.0K | ||
| Q2 24 | $3.6M | $3.7M | ||
| Q1 24 | $4.7M | $-3.4M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | 9.2% | 25.0% | ||
| Q2 25 | 7.3% | 19.3% | ||
| Q1 25 | 4.7% | 7.2% | ||
| Q4 24 | 12.6% | 5.9% | ||
| Q3 24 | 10.5% | 19.4% | ||
| Q2 24 | 7.9% | 20.6% | ||
| Q1 24 | 9.1% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.6% | 5.4% | ||
| Q2 25 | 2.1% | 6.4% | ||
| Q1 25 | 0.3% | -2.6% | ||
| Q4 24 | 5.9% | 8.0% | ||
| Q3 24 | 5.8% | 1.2% | ||
| Q2 24 | 3.1% | 4.7% | ||
| Q1 24 | 4.3% | -4.3% |
| Q4 25 | — | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.12 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $0.09 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $-32.7M | $452.4M |
| Total Assets | $502.9M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | $1.1M | $89.1M | ||
| Q4 24 | $100.0K | $96.6M | ||
| Q3 24 | $2.9M | $83.8M | ||
| Q2 24 | $2.8M | $66.1M | ||
| Q1 24 | $2.8M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $270.6M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | — | $452.4M | ||
| Q3 25 | $-32.7M | $448.1M | ||
| Q2 25 | $-34.6M | $442.4M | ||
| Q1 25 | $-36.4M | $433.5M | ||
| Q4 24 | $-34.0M | $429.5M | ||
| Q3 24 | $-54.5M | $423.1M | ||
| Q2 24 | $-53.2M | $418.4M | ||
| Q1 24 | $-55.7M | $412.0M |
| Q4 25 | — | $582.5M | ||
| Q3 25 | $502.9M | $582.2M | ||
| Q2 25 | $491.1M | $574.8M | ||
| Q1 25 | $488.1M | $571.4M | ||
| Q4 24 | $496.3M | $581.6M | ||
| Q3 24 | $461.6M | $578.6M | ||
| Q2 24 | $459.9M | $571.4M | ||
| Q1 24 | $460.4M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $16.0M | $40.9M |
| Free Cash FlowOCF − Capex | $16.0M | $33.5M |
| FCF MarginFCF / Revenue | 14.1% | 47.1% |
| Capex IntensityCapex / Revenue | 0.0% | 10.4% |
| Cash ConversionOCF / Net Profit | 25.28× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.9M | ||
| Q3 25 | $16.0M | $17.7M | ||
| Q2 25 | $9.4M | $4.6M | ||
| Q1 25 | $5.0M | $5.7M | ||
| Q4 24 | $8.5M | $59.7M | ||
| Q3 24 | $6.6M | $17.6M | ||
| Q2 24 | $14.2M | $15.9M | ||
| Q1 24 | $215.0K | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | $16.0M | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | 14.1% | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | 25.28× | 4.45× | ||
| Q2 25 | 3.79× | 0.97× | ||
| Q1 25 | 15.38× | — | ||
| Q4 24 | 1.26× | 10.28× | ||
| Q3 24 | 1.01× | 18.22× | ||
| Q2 24 | 3.97× | 4.29× | ||
| Q1 24 | 0.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
